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SOURCE: Mufson Howe Hunter and Company LLC
Mufson Howe Hunter expands its industry coverage with addition of Edward J. Losty as a Managing Director
Philadelphia, PA (PRWEB) May 08, 2012
Mufson Howe Hunter and Company LLC, an investment bank focusing on middle-market companies, announced that Edward J. Losty joined as a Managing Director and Head of its Financial Institutions industry group (“FIG”). In this capacity, he will provide M&A and capital markets advisory services to regional commercial banks and thrifts. Mr. Losty was previously a Managing Director at Janney Montgomery Scott LLC for 17 years and was Head of the Financial Institutions Group for most of that time. As a 26 year investment banking veteran covering regional financial institutions, Ed Losty is a high profile investment banker in the sector, having previously served at Wheat First Butcher & Singer, Ryan Beck & Co and Crestar Securities Corp.
Mr. Losty brings to Mufson Howe Hunter an experienced and highly regarded investment banking professional who has been involved in hundreds of commercial bank & thrift M&A and capital markets transactions. “It’s a little bit of back to the future,” stated Ed Losty. “I began my career with Michael Mufson at Butcher & Singer and later became head of the financial institutions practice. We teamed up again at Janney Montgomery Scott, building its FIG practice to become one of the largest among the major regional investment banks.” Mr. Losty will focus on M&A and financial advisory activities to regional financial institutions, primarily on the East Coast.
“We are pleased to have Ed Losty join our growing investment banking firm,” stated Michael Mufson, Managing Director. “I have known Ed for over 25 years. We have worked together on many client assignments in the past and it’s a real pleasure to be together again. I have developed a great appreciation and respect for his knowledge, extensive client relationships and outstanding professional reputation.”
Mufson continues, “We are seeing a lot of demand for our investment banking services and felt it was the right time to expand our sector coverage. Having Ed Losty running FIG is a significant opportunity for us. Over his impressive career, Ed has repeatedly demonstrated his ability to lead and grow FIG practices and we look forward to supporting his efforts at our firm.”
Losty added, “I am very excited to be joining Mufson Howe Hunter and Company. I was looking for an opportunity where my experience and relationships could add value and help the firm grow. Mufson Howe Hunter has a strong market presence in the Mid-Atlantic region and an accomplished, dynamic and experienced team, many of whom I’ve worked with in the past. In addition, Mufson Howe Hunter’s entrepreneurial spirit allows the firm to better understand its clients’ needs and be more creative in providing solutions. I hope to bring complementary skills and new relationships to the firm and am looking forward to helping expand the business.”
About Mufson Howe Hunter and Company:
Mufson Howe Hunter and Company LLC is an independent investment bank providing mergers & acquisitions, recapitalizations and private placements of debt and equity for middle-market companies. Our senior professionals are experienced investment bankers with over 20 years experience each and have completed more than 500 transactions for clients. Mufson Howe Hunter through a wholly owned subsidiary is a registered broker/dealer and a member of FINRA and SIPC. http://www.mhhco.com
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